Banning Lewis Ranch Homes under $500,000

Welcome to Banning Lewis Ranch, a vibrant and family-friendly neighborhood nestled in the heart of Colorado Springs, Colorado. This picturesque community offers a perfect blend of suburban tranquility and modern amenities, making it an ideal place for families, professionals, and retirees alike. With stunning views of the Rocky Mountains and easy access to outdoor activities, Banning Lewis Ranch is a nature lover's paradise.

One of the standout features of this neighborhood is its commitment to community living. Residents enjoy an array of amenities, including parks, walking trails, and a state-of-the-art community center. The neighborhood also boasts a rich schedule of events, from seasonal festivals to fitness classes, ensuring there's always something happening to bring neighbors together.

For those searching for their dream home, Banning Lewis Ranch offers a variety of options, including charming single-family homes priced under $500,000. These residences feature modern designs, spacious layouts, and beautiful yards, perfect for creating lasting memories. With a focus on quality and affordability, buyers will find that this neighborhood provides excellent value without compromising on comfort or style.

Additionally, Banning Lewis Ranch is conveniently located near top-rated schools, shopping centers, and dining options, making daily life a breeze. Its proximity to major highways ensures easy access to all that Colorado Springs has to offer, from the stunning Garden of the Gods to the bustling downtown area.

Discover the charm of Banning Lewis Ranch, where community spirit meets affordability in the heart of Colorado Springs. Your dream home awaits!

Newest Banning Lewis Ranch Homes under $500,000

$449,000

4 Beds ⋅ 3 Baths ⋅ 2,791 SqFt. ⋅ ACTIVE Status

RARE 2.25% VA ASSUMABLE MORTGAGE! IMMACULATE, MOVE-IN READY HOME IN BANNING LEWIS RANCH! An exceptional opportunity to own a beautifully maintained, thoughtfully upgraded home in one of Colorado Springs’ most desirable master-planned communities—with the potential to assume an existing VA mortgage at an incredible 2.25% interest rate, subject to lender approval and qualification! From the moment you enter, you’ll appreciate the abundant natural light, inviting open-concept floor plan, and exceptional pride of ownership. Designed for effortless everyday living and entertaining, the spacious kitchen features a center island, generous cabinetry, abundant pantry storage, and direct access to a beautifully landscaped, low-maintenance backyard. Brand new carpet and padding throughout. Upstairs, the expansive primary suite offers a relaxing escape with a private ensuite bath, oversized walk-in shower, and impressively spacious walk-in closet. The finished basement adds valuable versatility with a generous second living area, plus substantial unfinished space offering the potential for a fifth bedroom, home office, fitness room, or additional living space. Pre-plumbed for a 4th bathroom. SMART HOME FEATURES & ENERGY-EFFICIENT UPGRADES! Enjoy the convenience of PAID OFF SOLAR panels installed in 2018 (paid off), smart thermostat, smart door lock, app-controlled Chamberlain garage door, smart sprinkler system, and Ring video doorbell. RESORT-STYLE LIVING IN BANNING LEWIS RANCH! Experience an exceptional community lifestyle with two swimming pools, fitness center, clubhouse, pickleball and basketball courts, miles of scenic walking and biking trails, neighborhood parks, and nearby schools. Beautifully maintained, loaded with modern conveniences, and offering an exceptionally attractive financing opportunity, this home delivers an outstanding combination of comfort, lifestyle, and value.

8284 Longleaf Ln, Colorado Springs

Courtesy of The Platinum Group. 719-536-4444

$369,900

3 Beds ⋅ 3 Baths ⋅ 1,932 SqFt. ⋅ ACTIVE Status

9144 Baltin Ct, Colorado Springs

Courtesy of The Cutting Edge. 719-999-5067

$394,999

3 Beds ⋅ 3 Baths ⋅ 1,766 SqFt. ⋅ ACTIVE Status

Welcome to this 3-bedroom, 3-bath three-story home on a quiet cul-de-sac in Banning Lewis Ranch, built in 2021 and offering 1,766 square feet with Pikes Peak views from every level. The main level features a covered entry with wood laminate flooring, a dedicated office, a half bath, and access to the attached 2-car garage with upgraded garage flooring. The middle floor holds the living room with a walk-out to the composite deck, a kitchen with stone countertops, an island with breakfast bar seating, and a full appliance package, plus two bedrooms that share a full bath, one with its own walk-in closet. The refrigerator, range/oven, dishwasher, washer, and dryer all stay with the home. The top floor is a private retreat with a spacious family room with its own walk-out, the laundry room, and a primary suite with a walk-in closet and attached bath with double vanity and free-standing shower. Banning Lewis Ranch residents enjoy a clubhouse, community center, pool, fitness center, dog park, tennis courts, playgrounds, parks, and miles of trails, with snow and trash removal covered by the metro district. Located in District 49 near schools, shopping, parks, and a hospital.

5639 Tramore Ct, Colorado Springs

Courtesy of Exp Realty LLC. 888-440-2724

$399,900

2 Beds ⋅ 2 Baths ⋅ 1,246 SqFt. ⋅ ACTIVE Status

Enjoy comfortable, low-maintenance living in this inviting 2-bedroom, 2-bathroom home filled with natural light. Plantation shutters throughout add timeless style, while the kitchen features quartz countertops, stainless steel appliances, a gas range, an island, and expansive cabinetry with plenty of storage. The spacious primary suite offers a large walk-in closet and a zero-step walk-in shower for added ease and accessibility. A whole-house humidifier provides year-round comfort, and the washer and dryer are included for added convenience. Step outside to the rear patio, complete with a natural gas hookup and Weber grill, perfect for enjoying evenings outdoors. An added bonus for eligible buyers is the opportunity to assume the seller’s VA loan at an attractive 5.125% interest rate, subject to lender approval and eligibility requirements. With thoughtful features and inviting spaces, this home offers an easy, comfortable lifestyle from the moment you move in.

6334 Syre Pt, Colorado Springs

Courtesy of Iconic Colorado Properties, LLC.

$410,000

3 Beds ⋅ 3 Baths ⋅ 1,932 SqFt. ⋅ ACTIVE Status

Welcome to this beautifully maintained 3-bedroom home in the desirable Banning Lewis Ranch community! Ideally situated on a corner lot in a cul-de-sac, this home offers a bright, open-concept layout, modern finishes, and comfortable, functional living spaces. The inviting main level features a stylish kitchen with granite countertops, a large island with bar seating, stainless steel appliances, and ample storage, flowing seamlessly into the dining and living areas—perfect for everyday living and entertaining. A convenient powder room completes the main level. Upstairs, the spacious primary suite features a private bathroom, along with two additional bedrooms, a full hall bathroom, and a convenient laundry room. The versatile third-level loft offers endless possibilities for a home office, gym, guest space, or additional living area. Enjoy outdoor living on the private, fully fenced patio, while the attached two-car garage provides secure parking and extra storage. Additional highlights include a brand-new, energy-saving attic fan and an assumable VA loan opportunity. Enjoy low-maintenance living with an HOA that covers trash service, snow removal, and grounds maintenance, along with access to the community pool, tennis courts, and clubhouse. Banning Lewis Ranch offers a vibrant, family-friendly community with events, parks, trails, and open space, all conveniently located near schools, shopping, major highways, military bases, and growing area amenities. Don't miss this opportunity to enjoy comfort, convenience, and an exceptional community lifestyle!

6578 Shadow Star Dr, Colorado Springs

Courtesy of Kentwood Real Estate DTC, LLC. 303-773-3399

$359,900

3 Beds ⋅ 2 Baths ⋅ 1,436 SqFt. ⋅ ACTIVE Status

Make the most of modern living in desirable Banning Lewis Ranch, where a flexible three-level design, contemporary finishes, and inviting outdoor spaces create a home that adapts to your lifestyle. Whether you need a home office, fitness studio, creative retreat, or extra space for guests, this thoughtfully designed home offers options to make it your own. Enter from the front patio into a welcoming foyer with a large entry closet and versatile flex space behind a barn door. Use it as a gym, family room, studio, or guest retreat, with direct access to the fenced side yard. An attractive open staircase framed by abundant windows leads to the upstairs living level, where the contemporary kitchen and great room create a bright, connected gathering space. A wall-mounted fireplace adds a cozy focal point, while the private balcony extends your living space outdoors. The stylish kitchen combines stone countertops, a center island, task lighting, a gas range, open shelving, and an accent window to create a space that's as functional as it is inviting. Two generously sized bedrooms, a full bath, and laundry complete this level. Upstairs, the private primary suite offers a welcome escape, featuring an attached bath, walk-in closet, and sitting area. An oversized, south-facing two-car garage provides extra room for a workbench, outdoor gear, and everyday storage, with the fenced yard just steps away. Enjoy the Banning Lewis Ranch lifestyle with nearby parks, schools, shopping, entertainment, and miles of trails. The Ranch House offers a clubhouse, fitness center, junior Olympic pool, pickleball courts, and more. Conveniently located near the Powers corridor, the home also offers access to Peterson Space Force Base, Fort Carson, and I-25.

5720 Tramore Ct, Colorado Springs

Courtesy of Berkshire Hathaway HomeServices Rocky Mountain. (719) 576-6767

$385,000

3 Beds ⋅ 4 Baths ⋅ 2,326 SqFt. ⋅ ACTIVE Status

Built in 2020, this three-story carriage home in Banning Lewis Ranch offers 3 bedrooms, 4 baths, and 2,326 square feet. The main level has wood-look flooring and a semi-open layout centered on the kitchen, where you'll find granite counters, a large island with seating, a gas range, and a pantry. The adjoining dining area includes a built-in buffet with glass-front cabinets and a sliding door out to the deck. The living room features a built-in electric fireplace set in a floor-to-ceiling feature wall, surround sound speakers, and two large windows with transoms above. A half bath rounds out this floor. All three bedrooms are located on the upper level, along with the laundry room. The primary bedroom has its own bathroom with a walk-in shower and double sinks, plus a walk-in closet. The two additional bedrooms share a full hall bathroom. On the lower level, a bonus living area gives you extra space to work with, along with a second half bath and access to the attached 2-car garage. This level also walks out to the fenced, rocked, and easy to maintain backyard. Banning Lewis Ranch residents can enjoy the Ranch House pool, splash zone, and fitness center, along with parks and miles of trails throughout the neighborhood. **Short sale subject to lender approval and being sold AS-IS. Please note the home has noticeable odors, including mothball and pet odors.

9180 Baltin Ct, Colorado Springs

Courtesy of HomeSmart. 719-634-8761

$354,900

3 Beds ⋅ 3 Baths ⋅ 1,549 SqFt. ⋅ ACTIVE Status

Beautifully updated three-story home in Banning Lewis Ranch offering 3 bedrooms, 3 bathrooms, multiple living spaces, and an attached 2-car garage. Recent improvements include a new roof, new kitchen cabinets and quartz countertops, new appliances, updated bath vanities, refinished hardwood floors, new carpet, fresh interior and exterior paint, and updated plumbing and electrical fixtures. The second level features an open kitchen and dining area with a large center island, two bedrooms, a full bath, and access to a balcony. The third-floor primary suite includes a spacious bedroom, private bath with dual vanities, walk-in closet, convenient laundry area, additional sitting room, and a second balcony. Enjoy the covered front porch along with access to Banning Lewis Ranch community amenities including parks and open space, trails, playgrounds, a dog park, community center, fitness center, and pool.

9149 Castlebear Dr, Colorado Springs

Courtesy of Coldwell Banker Realty. 719-550-2500

$452,940

3 Beds ⋅ 3 Baths ⋅ 2,022 SqFt. ⋅ ACTIVE Status

The Neo floorplan blends modern design with artisanal touches in a home built for flexibility, affordability, and efficiency. This single-family, 2-story layout spans 2,022 sq. ft. in total and offers 3 beds, 2.5 baths, an unfinished basement, and an oversized 2-car garage with storage. This home has plenty of curb appeal featuring. The main level is bright with oversized windows, 9’ ceilings, and an expansive “heart of the home” great room. The kitchen is complete with a dining island, designer countertops, stainless steel sink, and large pantry. The spacious primary suite offers a large walk-in closet, double vanity sink, and a tiled spa shower. The 2nd floor also features a laundry room and 2 additional bedrooms each with walk-in closets.

9559 Holstein Way, Colorado Springs

Courtesy of Oakwood Homes Real Estate LLC.

$339,999

4 Beds ⋅ 3 Baths ⋅ 1,562 SqFt. ⋅ ACTIVE UNDER CONTRACT Status

Reach new heights with The Endeavor, a three-story duet-style home designed for those who want space, style, and attainable luxury. Featuring 4 bedrooms, 3 baths, and 1,562 square feet, this home provides room for everyone while maintaining an efficient, low-maintenance footprint. The first floor offers an oversized 1-car garage and entry space with optional bedroom or home office flexibility. The second story opens into an expansive great room, dining area, and kitchen with modern finishes, perfect for gatherings or quiet nights in. Upstairs, the private primary suite includes a walk-in closet and ensuite bath, with two additional bedrooms and a full bath completing the home.

9570 Clarkville Trl, Colorado Springs

Courtesy of Oakwood Homes Real Estate LLC.

$399,999

3 Beds ⋅ 3 Baths ⋅ 1,311 SqFt. ⋅ ACTIVE Status

Step into the Albright floorplan where modern style and efficient design come together. This three-story single-family home offers 1,311 square feet of thoughtfully designed space with 3 bedrooms, 2.5 baths, and a 2-car garage. Enjoy an open-concept layout that’s low-maintenance, flexible, and perfect for entertaining or relaxing at home. With standout curb appeal, this home features a welcoming front porch, balcony, and professionally maintained landscaping. Inside, natural light fills the living areas through large windows, while durable flooring and quality finishes create a fresh, inviting feel.

5815 Bowerman Ln, Colorado Springs

Courtesy of Oakwood Homes Real Estate LLC.

$349,999

2 Beds ⋅ 3 Baths ⋅ 1,264 SqFt. ⋅ ACTIVE Status

Meet the Crest, a 2-story duet home with 1,264 sq. ft., 2 bedrooms, 2.5 baths, and a 2-car alley-load insulated garage. Designed for comfort and flexibility, this open-concept plan features a single shared wall and a bright, efficient layout that maximizes space. Built with energy efficiency in mind, this home is thoughtfully designed to help you save on monthly costs while maintaining year-round comfort. The kitchen includes a large island, stainless steel sink, sleek countertops, and ample pantry storage. Upstairs, two-bedroom suites each feature a walk-in closet and private bath. *New build, taxes have not been assessed. Buyer to verify taxes*

5840 Bowerman Ln, Colorado Springs

Courtesy of Oakwood Homes Real Estate LLC.

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